Wall Street analysts have set price targets for Sandisk ranging from $1,300 to $3,000, with an average of about $2,220, yet 13 of 16 analysts rate the stock a buy. Sandisk stock has rocketed 2,800% higher over the past year as demand for the company's memory processors has spiked, with tech companies snatching up swaths of memory for artificial intelligence data centers. The wide range in price targets reflects uncertainty over how long the current NAND memory shortage will last, with some analysts believing it could persist for several more years while others warn supply will eventually catch up. Sandisk's gross margin reached nearly 85% in the fourth quarter of fiscal 2026, up from 26.4% a year earlier, and non-GAAP earnings surged to $39.25 per share from $0.29. Despite the stock trading down about 47% from its all-time high, analysts remain bullish on the long-term outlook driven by AI-related memory demand.
